Cedar Mountain Advisors LLC Grows Stock Holdings in The Boeing Company (NYSE:BA)

Cedar Mountain Advisors LLC lifted its position in The Boeing Company (NYSE:BA) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,818 shares of the aircraft producer’s stock after buying an additional 300 shares during the period. Cedar Mountain Advisors LLC’s holdings in Boeing were worth $322,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Boeing by 28.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after purchasing an additional 7,182 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Boeing by 72.7% in the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares during the last quarter. Deerfield Management Company L.P. Series C lifted its stake in shares of Boeing by 45.9% during the second quarter. Deerfield Management Company L.P. Series C now owns 3,078 shares of the aircraft producer’s stock worth $560,000 after buying an additional 969 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Boeing during the second quarter valued at $309,000. Finally, MBB Public Markets I LLC increased its position in shares of Boeing by 1,878.3% in the 2nd quarter. MBB Public Markets I LLC now owns 40,694 shares of the aircraft producer’s stock valued at $7,407,000 after acquiring an additional 38,637 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BA. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.11.

Boeing Stock Down 1.4 %

Shares of NYSE BA opened at $175.95 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The company’s 50-day simple moving average is $166.42 and its 200-day simple moving average is $164.56. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($3.26) EPS. Equities research analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.